4 year hold, exited Sept. 2013

Prestress Engineering Company, acquired in March, 2010, was the leading Illinois source of prestressed concrete bridge beams, sound wall, and retaining walls for the transportation infrastructure market. PEC was also an award winning source for precast structural/architectural concrete products for multi-family housing.

CMA acquired controlling interest in PEC forming a partnership with its previous owner and President for the purpose of growing a substantial transportation infrastructure materials business. CMA invested funds sufficient to assist in the estate planning objective of the owner while providing acquisition capital to purchase businesses that strategically align with PEC. CMA found the business attractive for investment due to:

  • Characteristics fitting CMA’s target criteria: quality manufacturer with unique production capacity profitably serving the top tier general contractors in the Midwestern U.S. for over 25 years
  • #1 Market share within a substantial territory of bridges deemed to be structurally deficient or functionally obsolete, whether spanning roads, water or rail
  • Committed, industry experienced personnel having earned the trust to deliver certified products on time for both the smaller job and the most substantial and complex project
  • Partnering with an industry veteran, recognized as a leader in the field within a territory known to be the U.S. transportation hub

Exited Investment, September 2013:
PEC was sold to a private strategic buyer seeking to expand its market share in Illinois.